Light Rain Fog/Mist 45°
Tag:

Webster Bank Corporation

News
Former Bank Manager Who Embezzled $879K From CD Accounts Sentenced Former Bank Manager Who Embezzled $879K From CD Accounts Sentenced
Former Bank Manager Who Embezzled $879K From CD Accounts Sentenced A former bank manager has been sentenced for stealing nearly a million dollars from the CD accounts of 20 account holders at his branch without their consent. Hamden resident Stephen Carbonella, 59, has been sentenced to 21 months in prison, followed by three years of supervised release, after pleading guilty in Hartford federal court to embezzling funds from his employer, Webster Bank Corporation, where he served as a bank manager of the Orange branch office. Between 2013 and 2017, Carbonella admitted to withdrawing $879,016.48 from 20 account holders’ certificate of deposit accounts at We…

SHARE

by Zak Failla
News
Former Bank Manager Admits Embezzling $879,000 From CD Accounts Former Bank Manager Admits Embezzling $879,000 From CD Accounts
Former Bank Manager Admits Embezzling $879,000 From CD Accounts A former bank manager in Connecticut has admitted to stealing nearly a million dollars from the CD accounts of 20 account holders at his branch without their consent. Hamden resident Stephen Carbonella, 59, pleaded guilty in Hartford federal court to embezzling funds from his employer, Webster Bank Corporation, where he served as a bank manager of the Orange branch office. Between 2013 and 2017, Carbonella admitted to withdrawing $879,016.48 from 20 account holders’ certificate of deposit accounts at Webster Bank without their knowledge or consent. He then used those embezzled funds for his…

SHARE

by Zak Failla